....when I have loads of debt (both the "good" and "bad" sorts) and yet my credit report says "excellent."
On the one hand, that's great. I'm glad I have good credit. I'm glad I've a history of paying everything on time, etc.
But, seriously, having excellent credit means that I now have permission to get into debt more and more than I already am if I'm not careful and vigilant to not over-extend myself more than I already am.
Some people wonder why there's a "credit crisis" or why there are tons of foreclosures....could it be that people with supposedly "good" credit get extended loads of money that they can't actually, realistically afford to pay back....then they have to end up foreclosing, not paying their bills and maybe even filing for bankruptcy? AGH!!
...okay...this rant is officially over....
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